Downward wedge patterns have been noticed on May 6 for the stocks Fifth Street Finance Corp, Checkpoint Systems Inc, Advantage Oil & Gas Ltd, Pitney Bowes Inc, and Patriot Coal Corporation. The price range of these stocks is getting more narrow as the downward trend continues, thus signally the trend is losing steam. This sends a bullish signal to investors as the downward trend is ending.
Shares of Fifth Street Finance Corp (FSC) fell by 1.34% or $-0.13/share to $9.58. In the past year, the shares have traded as low as $7.72 and as high as $11.65. On average, 882310 shares of FSC exchange hands on a given day and today's volume is recorded at 677418.
Shares of Checkpoint Systems Inc (CKP) fell by 2.89% or $-0.27/share to $9.07. In the past year, the shares have traded as low as $8.55 and as high as $19.09. On average, 245240 shares of CKP exchange hands on a given day and today's volume is recorded at 266260.
Shares of Advantage Oil & Gas Ltd (AAV) fell by 1.84% or $-0.06/share to $3.2. In the past year, the shares have traded as low as $2.77 and as high as $8.68. On average, 393320 shares of AAV exchange hands on a given day and today's volume is recorded at 119848.
Shares of Pitney Bowes Inc (PBI) fell by 1.44% or $-0.25/share to $17.1. In the past year, the shares have traded as low as $16.53 and as high as $23.46. On average, 3180430 shares of PBI exchange hands on a given day and today's volume is recorded at 2150412.
Shares of Patriot Coal Corporation (PCX) fell by 3.09% or $-0.17/share to $5.33. In the past year, the shares have traded as low as $5.42 and as high as $25.31. On average, 7061560 shares of PCX exchange hands on a given day and today's volume is recorded at 4581149.
